Power Integrations, Inc. (NASDAQ:POWI) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC decreased its position in Power Integrations, Inc. (NASDAQ:POWI) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,006 shares of the semiconductor company’s stock after selling 6,178 shares during the period. WCM Investment Management LLC owned about 0.43% of Power Integrations worth $15,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its holdings in Power Integrations by 43.9% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 192 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Power Integrations by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 205 shares during the period. MML Investors Services LLC boosted its stake in shares of Power Integrations by 3.4% in the third quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company’s stock valued at $400,000 after buying an additional 207 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Power Integrations by 2.8% during the fourth quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company’s stock worth $523,000 after acquiring an additional 230 shares during the period. Finally, Stephens Inc. AR raised its position in Power Integrations by 5.8% in the third quarter. Stephens Inc. AR now owns 4,639 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 255 shares in the last quarter.

Power Integrations Price Performance

Shares of NASDAQ POWI opened at $59.68 on Monday. The firm’s 50-day moving average is $62.48 and its two-hundred day moving average is $63.15. Power Integrations, Inc. has a 12-month low of $56.63 and a 12-month high of $85.00. The company has a market capitalization of $3.39 billion, a PE ratio of 104.70, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.49% and a net margin of 7.69%. On average, analysts forecast that Power Integrations, Inc. will post 0.9 EPS for the current fiscal year.

Power Integrations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. Power Integrations’s dividend payout ratio (DPR) is 147.37%.

Insiders Place Their Bets

In other Power Integrations news, CEO Balu Balakrishnan sold 12,507 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $60.64, for a total transaction of $758,424.48. Following the transaction, the chief executive officer now owns 600,002 shares of the company’s stock, valued at $36,384,121.28. This represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sandeep Nayyar sold 5,152 shares of Power Integrations stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the completion of the sale, the chief financial officer now directly owns 110,394 shares of the company’s stock, valued at approximately $6,706,435.50. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,131 shares of company stock valued at $1,865,182 in the last ninety days. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Benchmark restated a “buy” rating and set a $78.00 target price on shares of Power Integrations in a research report on Friday. Finally, Susquehanna reduced their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.